This property looks like a bad Long-Term investment with a projected -21.96% first-year return on $125k initial cash invested.
-21.96%
Cash On Cash
1.95%
Cap Rate
0.31
DSCR
$1,862
Rent
-$2,280
Cashflow
Cash Flow
$1,862 income − $4,142 expenses = $2,280 out of pocket
Investment Breakdown
|
Purchase Price
$593k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$125k
Downpayment
20%
$119k
Closing costs
1%
$5,934
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,862
Total Expenses
$4,142
Mortgage P&I
169%
$3,149
Property Taxes
16%
$299
Home Insurance
11%
$210
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0